BF452 E. F. Payne   8'6", 3/2  Model 204. The rod weighs 4 9/16 oz. Light DT5 weight. The wraps are brown silk tipped with black. Blued nickel silver ferrules with plugs. Up-locking reel seat with cedar insert. This rod is mint un-fished and has tissue paper on the grip. Includes original labeled tube and bag with hang tag.

Updated information as of March 2, 2009. After careful examination of the tissue paper wrap on the grip, we believe the inscription is the following: " 8 1/2, 16/10 (ferrule sizes) made for Osborn (store where this rod was first sold)." This is a genuine made by Jim Payne rod. $7,500.  See additional images below.